By Aaron Kesel
This contributor has been doing an ongoing series about Wall Street frauds aided abetted by sovereign corruption; which includes issues of Goldman Sachs Bain Capital partnerships in “Bankruptcy Rings” spearheaded by curved profession at law, Paul Traub (see here – here and here).
Due to a remarkable illness, the story on legal crime benefiting Sachs Romney’s “Bankruptcy Rings” has been behind (coming genuine soon). It looks like the check is rather fortuitous, since Senators Elizabeth Warren and John Cornyn introduced a Bill of Law S.2282, on Monday, Jan 8, 2018 that seeks to close a loophole some contend has fostered corruption.
The ultimate doubt is does President Trump caring what goes on in Delaware?
Will Donald the Great (Destroyer) stifle the loophole? If the loophole is closed, Delaware law firms will likely remove a billion dollars a year in fees. However, the some-more critical doubt is, will the senators’ Bankruptcy Forum Bill means Delaware to remove its corporate dominance; subsequently, as a result, could this means Delaware to go bankrupt?
Our series on Wall Street fraud, stable by corruption, comes from the eToys case whistleblower (Laser Haas) who claims the whole Delaware complement of justice, including the sovereign courts, is filthy with tax-paid sovereign servants betraying their promise of bureau and, in turn, the public’s trust.
Giving faith to Laser’ s contentions, are UCLA Law Professor Lynn LoPucki’s book Courting Failure; which reported on the crime of the courts (especially Delaware and NY), due to vast price failure cases.
In 2005 the eToys whistleblower caused Paul Traub and Delaware’s MNAT law organisation to confess failures to divulge their conflicts of interest; but the Delaware courts and Department of Justice refused to examine or prosecute the perpetrators.
Coincidentally, in 2005, DOJ Deputy Director Lawrence Friedman quiescent since of the eToys case. Around the same time, Senator Cornyn sided with Professor LoPucki when Senator Cornyn put onward an essay up on the blog of Legal Times – titled: “They Owe Us” (archived)
In Senator Cornyn’s “They Owe Us” article, it quotes Professor LoPucki and Senator Warren’s works (before she became a senator); and Senator Cornyn affirms the fact that…
Corporate debtors are means to collect venues that are likely to order in their favor.
Laser blew the alarm in eToys, KB and other cases; but – despite confessions – Delaware courts and sovereign agencies personnel, ceaselessly found in preference of the perpetrators.
Speciously, any and every time the parties anticipating auspicious outcomes were Goldman Sachs, Bain Capital and their curved Delaware lawyers.
It was also forked out in Senator Cornyn’s “They Owe Us” article, the fact that UCLA Law Professor LoPucki and Elizabeth Warren fought to stop these schemes and how they resulted in over 50% of failure cases failing.
As a matter of fact, Romney’s KB and eToys were in bankruptcy, mixed times, circuitous back at Bain Capital, under Toys “R” Us; which is now, also, in bankruptcy.
Thing is, the supposed reasons companies form in Delaware is due to low corporate taxes; but this corporate prevalence issue has come under scrutiny, also.
Actually, in many cases, the evidence of reduction taxation has little merit, since (most states) still taxation companies for doing business in their venue.
Delaware, a state built on no sales tax, reportedly gets 80% of its revenues from the “low” business tax; and its law firms rest heavily on the fact that 50% of many major business bankruptcies are – venue shopped – to Delaware.
With this new legislation shutting that loophole, then there is a doubt about either or not Delaware will sojourn solvent.
Most assuredly, the failure run of Delaware lawyers is likely to take a outrageous hit if this check passes.
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Former USAG John Ashcroft is also on open record asserting that there are corrupt sovereign judges in collusion with high-ranking members of the complement of probity gripping failure cases open and retaliating against victim/witnesses (please see formerly dark remarks now posted on the U.S Courts. Gov website – here).
According to eToys whistleblower Laser Haas, Delaware can appreciate disagreeable Bankruptcy Judge, Mary F. Walrath, many stalwarts in the sovereign complement of probity (such as AUSA Ellen Slights, hearing profession Mark Kenney), along with former Delaware sovereign prosecutor Colm Connolly, who aided abetted brute lawyers Paul Traub, Frederick Rosner, and MNAT firm, who all worked, crookedly, to strengthen Goldman Sachs Bain Capital racketeering billions of dollars in unfair profits.
Senator Cornyn is also on the record stating:
after all, picking a justice isn’t distant from picking a verdict.
Victims of KB, Mattel, Fingerhut and eToys frauds, and many more, are anticipating the crime of venue selling is now at an end.
Aaron Kesel writes for Activist Post. Support us at Patreon. Follow us on Facebook, Twitter, Steemit, and BitChute. Ready for solutions? Subscribe to the reward newsletter Counter Markets.